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's really about technology. because none of these unconventional shale plays would matter if we didn't have the tech to make it economical to drill it. what we really have is an energy technology revolution and these advances aren't unique to north america. they're spreading all over the globe, and who's spearheading this transformation? who represents the vanguard of the oil revolution and its intellectual property? easy. that's core labs. clb. i like to think of it as a technology company that happens to be in the oil service business. core's proprietary technology helps oil companies figure out where to drill. it also helps them squeeze more crude out of existing reservoirs. now, core labs got hit hard today, down $3.41, 2.63%. the company just reported a terrific quarter. 7 cent earnings beat off $1.15 basis. revenue coming in higher than expected up 11% year over year. and raising its guidance for next quarter. don't have a lot of companies doing that. i think the stock bounces back and then some tomorrow. typically core labs is one of those stocks that seems to get hit every tile time
like to see, look, if mcdonald's can come out with killer products, apple -- are they both technology companies? is that where we are right now? >> apple has come out with incredible products. amazing products that have changed the world. >> that was the old days and the yankees used to be -- >> the ipad is only three years old, man. come on, give them a break. >> no. the market won't give them a break. i like the product, but who am i? >> that's complicated. >> it was not a rhetorical -- you know, we're not trying to figure out exactly whoi am. >> oh, okay. >> what we're trying to figure out how do they make i tunes better and how you want them to come out and say samsung, you're history because we have this. instead of samsung having, what? eight pages. >> you're not going get that in an earnings report. >> someone innovates and someone else comes in with a pretty good or good enough and that's why people are talking about the lower end and the medium end. >> there are some people who their samsung phones have technology whether it's the ability to change language quickly and a numb
. what i'm calling meat and potatoes rally. look at this, materials, consumer stams, technology financials and discretionary are among the gainers today. i want to highlight technology very quickly, because we're expecting earnings from intel and yahoo! after the close tonight. intel is trading higher at this hour, while yahoo! is down half a percent right now. >> fedex, of course, on the eve of its 40th anniversary, in less than an hour, employees will be ringing the closing bell. the stock viewed as a barometer of economic conditions has been on a slide after the company cut its outlook for the year. up to that point, the stock had been riding this market rally. we want to drill down into the outlook, how the company is dealing with the global economy. joining us is fred smith. fred, it's always nice to have you on the program. we appreciate your time. >> thank you, maria. >> what can you tell us about the rest of the year at fedex and the industry? i think when you first came out with the news, the last time we spoke, about the global economy, it shook the market. it certainl
.com. >>> a mixed bag for earnings in the technology space on both sides of the atlantic. we'll take a look at the winners and losers. intel and yahoo! all unveiling numbers. we'll be right back. stay with us. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com lets you jump backwards and forwards in time to capture the perfect shot. blackberry z10 with time shift. built to keep you moving. see it in action at blackberry.com/z10 >>> welcome back to the program. there you are looking at sarah ferguson. one of the many guests attending the funeral today in london for margaret thatcher. more than 2,000 guests are expected at st. paul's cathedral just up the road from our cnbc stud yeaio he
Search Results 0 to 3 of about 4